Bowen Hanes & Co. Inc. cut its holdings in VMware, Inc. (NYSE:VMW) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 175,000 shares of the virtualization software provider’s stock after selling 25,000 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in VMware were worth $27,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its stake in shares of VMware by 217.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,000 shares of the virtualization software provider’s stock worth $147,000 after purchasing an additional 685 shares in the last quarter. Signet Financial Management LLC bought a new stake in shares of VMware during the 2nd quarter worth approximately $151,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of VMware during the 3rd quarter worth approximately $202,000. Hilltop Holdings Inc. bought a new stake in shares of VMware during the 2nd quarter worth approximately $204,000. Finally, Calamos Advisors LLC bought a new stake in shares of VMware during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 19.67% of the company’s stock.

VMW opened at $150.51 on Wednesday. VMware, Inc. has a 1-year low of $108.46 and a 1-year high of $165.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $61.65 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 2.41 and a beta of 0.72.

VMware (NYSE:VMW) last posted its quarterly earnings results on Thursday, August 23rd. The virtualization software provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. VMware had a return on equity of 20.00% and a net margin of 18.77%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts expect that VMware, Inc. will post 4.72 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on VMware to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Stifel Nicolaus upped their price objective on VMware from $122.00 to $142.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. Zacks Investment Research upgraded VMware from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. upped their price objective on VMware from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Maxim Group upped their price objective on VMware from $142.00 to $150.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. VMware presently has a consensus rating of “Buy” and an average target price of $158.04.

In related news, COO Rajiv Ramaswami sold 6,000 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $160.00, for a total value of $960,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Amy Fliegelman Olli sold 1,500 shares of the stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $152.77, for a total value of $229,155.00. Following the completion of the sale, the vice president now owns 30,930 shares in the company, valued at approximately $4,725,176.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,608 shares of company stock worth $11,852,164. 29.90% of the stock is owned by company insiders.

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VMware Profile

VMware, Inc provides compute, cloud, mobility, networking, and security infrastructure software to businesses in the United States and internationally. The company offers compute products, including VMware vSphere, a data center platform, which enables users to deploy hypervisor, a layer of software that resides between the operating system and system hardware to enable compute virtualization; storage and availability products that provide data storage and protection options; network and security products; and cloud management and automation products to manage and automate overarching IT processes involved in provisioning IT services and resources to users from initial infrastructure deployment to retirement.

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Institutional Ownership by Quarter for VMware (NYSE:VMW)

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